The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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iShares MSCI Canada Index
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
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It was a third consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.29 points, or 1.01%, and closed at 29.07 on Friday, July 13, 2018. Weekly volume was -15% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on January 5, 2018 at 30.60 and reached 26.91 on April 4, 2018. EWC lost 3.69 points, or 12.06%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 28.10 and resistance is at 29.23. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The price is now at the 20% retracement level.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on May 22, 2018 at 29.61 and reached 27.93 on June 28, 2018. EWC lost 1.68 points, or 5.67%, in 37 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (27.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWC may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 3, 2018. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.81
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 89.47
Overbought
Greed/Fear Indicator (GFI) 77.76
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.36
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 47.21
Greed/Fear Indicator (GFI) 58.63
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 29.38
Quarterly Trendline Resistance 29.23
Price 29.07
Daily Stochastic Crossing 29.04
50 Day Moving Average 28.73
Weekly Stochastic Crossing 28.62
Parabolic System 28.55
20 Day Moving Average 28.53
Weekly Trendline Resistance 28.49
Quarterly Trendline Support 28.10
Lower Bollinger Band 27.99
Weekly Trendline Support 27.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.93
Low Date 06/28/2018
High 29.13
High Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 28.49
Support 27.79
High 29.61
High Date 05/22/2018
Low 27.93
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 29.23
Support 28.10
High 30.60
High Date 01/05/2018
Low 26.91
Low Date 04/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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